Guide price
£150,000
(£181/sq. ft)
2 bed flat for saleThe Bar, St James Gate, Newcastle Upon Tyne, Tyne & Wear NE1
2 beds
2 baths
1 reception
829 sq. ft
EPC Rating: B
Added on
Pat Robson
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About this property
City Centre Location
Two Bedrooms
Balcony
Parking
**Investment Opportunity**Two Bedroom Apartment**£11,940 Annual Rent** A purpose built fourth floor apartment, spanning in excess of 830 square feet. Situated within an exciting quarter of the city, the property is located within walking distance of Central Station, Newcastle Helix (Science Central), the Business School, and all City Centre amenities. With a Communal Entrance and Lift Access, the interior includes a Private Reception Hall, a 23ft Living Room / Dining Room / Kitchen Area, a Main Bedroom with an En-Suite Shower Room, a Second Bedroom and a Bathroom. The property further benefits from double glazing, electric heating and a parking space nearby. Achieving a rent of £995pcm, the flat generates a gross yield (before service charge payments) of 7.9%.
Material Information -
Council Tax Band: D
Tenure: Leasehold
Lease: 100 Years Remaining
Service Charge: £3738 per annum
Ground Rent: £350 per annum
Management Company: Trinity
Parking: Resident Parking
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More information
Tenure
Leasehold (102 years)
Service charge
£2,883 per year
Council tax band
A band has not yet been confirmed.
Ground rent
Ground rent date of next review